Market Watch: Hong Kong's mortgage for new properties in June increased nearly 1.8 times, reaching a 27-month high. Mortgage for existing properties also increased by nearly 4%

Hong Kong's mortgage loans for completed properties in June increased nearly 1.8 times to a 27-month high, while mortgage loans for new properties increased by 40%. In June, the number of mortgage loans for completed properties was 4,943, a significant increase of 1,372 cases (38.4%) from May, reaching an 8-month high. The number of mortgage loans for new properties was 804, a substantial increase of 515 cases (178.2%) from May, marking a 3-month consecutive rise and a 27-month high. In the first half of the year, the number of mortgage loans for completed properties totaled 24,530 cases, a decrease of 15,910 cases (39.3%) compared to the same period last year, hitting a new low for the first half of the year since 2001. The number of mortgage loans for new properties was 1,653, an increase of 984 cases or 147.1%. According to market share data, BOC HONG KONG has maintained the top ranking for 11 consecutive months with a market share of 29.7%